bridging loan


bridging loan
bridging loan noun
A short-term loan, usu for a fairly large sum and at a relatively high rate of interest, providing bridging for a business transaction, esp house purchase
• • •
Main Entry:bridge

* * *

bridging loan UK [ˈbrɪdʒɪŋ ˌləʊn] US [ˈbrɪdʒɪŋ ˌloʊn] noun [countable] [singular bridging loan plural bridging loans]
money that someone borrows when they have bought a house but have not yet sold their own house
Thesaurus: relating to buying or leasing real estatehyponym

* * *

ˈbridging loan [bridging loan] (BrE) (NAmE ˈbridge loan) noun
an amount of money that a bank lends you for a short time, especially so that you can buy a new house while you are waiting to sell your old one

Useful english dictionary. 2012.

Look at other dictionaries:

  • bridging loan — bridging loans N COUNT A bridging loan is money that a bank lends you for a short time, for example so that you can buy a new house before you have sold the one you already own. [BRIT] …   English dictionary

  • bridging loan — bridging .loan BrE bridge loan AmE n an amount of money that a bank lends you for a short period of time until you receive money from somewhere else …   Dictionary of contemporary English

  • bridging loan — ► NOUN chiefly Brit. ▪ a sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another …   English terms dictionary

  • bridging loan — UK [ˈbrɪdʒɪŋ ˌləʊn] / US [ˈbrɪdʒɪŋ ˌloʊn] noun [countable] Word forms bridging loan : singular bridging loan plural bridging loans British money that someone borrows when they have bought a house but have not yet sold their own house …   English dictionary

  • bridging loan — a loan to provide short term finance, usually to buy property or land, where the loan is to be cleared by longer term borrowing, or the sale of assets. Glossary of Business Terms A short term loan to provide temporary financing until more… …   Financial and business terms

  • bridging loan — short term loan until a long term loan is secured …   English contemporary dictionary

  • bridging loan — / brɪdʒɪŋ ləυn/ noun a short term loan to help someone buy a new house when the old one has not yet been sold (NOTE: The US term is bridge loan.) …   Dictionary of banking and finance

  • bridging loan — bridg|ing loan [ brıdʒıŋ ,loun ] noun count money that someone borrows when they have bought a house but have not yet sold their own house …   Usage of the words and phrases in modern English

  • bridging loan — (N. Amer. bridge loan) noun a sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another …   English new terms dictionary

  • bridging loan — A loan taken on a short term basis to bridge the gap between the purchase of one asset and the sale of another. It is particularly common in the property and housing market …   Accounting dictionary